General
Another Double win for African Film and Oral Literature
The month of October 2014 ended on a spectacular note when the College of Humanities and Social Sciences (CHUSS) held a double book launch for two of her enormous army of prolific academics and writers. The audience, most of who had to brave the afternoon downpour on 31st October 2014 to make it in time was kept entertained by Mengo Senior School students’ recitals of Kanemu Kanabiri, Mpenkoni and many other traditional play songs as derived from Dr. Aaron Mushengyezi’s Oral Literature for Children book. On the other hand Sr. Dr. Dominica Dipio’s book Gender Terrains in African Cinema left the audience more appreciative than ever of the power mothers wield over the African film industry and society in general.
In her enthusiastic welcome address Dr. Susan Kiguli, Head-Department of Literature, CHUSS commended everyone for sparing time to attend the launch, especially the Chief Guest Mr. James Tumusiime-Chairman of Fountain Group and her own aunt Mrs. Sheila Goa who at 86 years of age was still sharp and sprightly. She further thanked Mr. Tumusiime for not only accepting her invitation but also actually taking time to read the books, “Our unanimous response was we are going to have a Guest of Honour who has actually read the books” she said, much to the amusement of the audience, before hastening to add “Of course we did not expect less but we are also happy that our judgment was as our students say ‘spot on’.”
She thanked the African Humanities Program (AHP) supported by the American Council of Learned Societies (ACLS) and Carnegie Corporation of New York (CCNY) for ensuring that Dr. Aaron Mushengyezi and Sr. Dr. Dominica Dipio published their books. “I want to welcome and warmly congratulate our authors for this landmark achievement and for ensuring that our Department’s name stays on the sparkling pedestal,” said Dr. Kiguli, directly addressing the authors. She also commended Prof. Austin Bukenya and Dr. Consolata Kabonesa for their moving reviews of Dr. Mushengyezi’s and Dr. Dipio’s books respectively, as published in the New Vision newspaper of 30th and 31st October 2014.
Associate Professor Aaron Mushengyezi is the Dean-School of Languages, Literature and Communication, CHUSS, a book author and editor who has won several awards from the International Scholarship Programme of the Ford Foundation, the African Humanities Program (AHP). His latest book Oral Literature for Children: Rethinking Orality, Literacy, Performance and Documentation Practices seeks to take the oldest form of communicating traditional cultural values and information to the next level.
“We have recognized the value that these texts for young people play. They embody the cherished cultural values of hard work, respect for each other, and charity as well as numeracy skills. These texts also have a role to play in promoting social relationships and sometimes even teaching children their gender roles and relationships, which help our children to stay focused on what society expects of them as mature men and women” shared Dr. Mushengyezi. He further intimated that the current uncertainty surrounding our sexuality and whom we should marry or not could be attributed to an extinction of cultural values which were previously handed down by traditional oral literature.
Dr. Mushengyezi emphasized the need to work more with culture-based industries so as to get the traditional texts to provide educational value in our schools. He commended Mr. James Tumusiime whose efforts through Fountain Publishers and Igongo Cultural Centre have gone a long way in promoting local cultural practice and conservation. He challenged the Government of Uganda through the Ministry of Gender, Labour and Social Development to invest in the promotion of culture-based industries through support to cultural tourism and traditional resources marketing. He also challenged Mr. James Tumusiime to consider having local publications of the books done through Fountain Publishers so as to reduce on their cost and improve their availability. He paid special tribute to his wife, children, family and Makerere University for the support that had enabled him complete the book.
Dr. Okot Benge is a Lecturer in the Department of Literature, CHUSS whose writing also neatly straddles both gender and oral literature aspects. As the moderator for this particular session of the day, he sent the audience doubling over when he recollected Prof. Austin Bukenya’s experience, who when asked for his publications prior to promotion to the rank of Senior Lecturer returned with a sack load of books, and even inquired if those would suffice! The evergreen Prof. Bukenya took it all smilingly and on assuming his position at the podium, and as has now become his pre-address tradition, started off with a recital of William Wordsworth’s 19th Century poem My Heart leaps when I behold.
He profusely thanked Dr. Aaron Mushengyezi for “bringing back his youth” through his book, whose review he had felt very privileged to write. Recollecting two childhood memories; i) Njabala – the last folktale his late mother shared with him before her passing and ii) Rosa Nyanzira – his first girlfriend whose storytelling charmed the then four year old Austin, Prof. Bukenya commended the author for exquisitely blending these special memories into one awe-inspiring publication.
Prof. Bukenya shared that he felt both gratified and shamed when he read the book, for in one shot, Dr. Mushengyezi had struck down the targets that he (Prof. Bukenya) had been taking aim at since 1968, when as a graduate student he was assigned the task of systemizing oral literature at Makerere under the guidance of Pio Zirimu. “You brought this process to a new level by showing us what can be done all the way from collection, from transcription, from translation to interpretation, and this starts a very useful scholarly discussion,” said Prof. Bukenya.
He shared that this book brought out the richness of our multilingual culture “This book really enables us to share and if you want to appreciate it, read it in the original text and only read the translated one thereafter” he said. He advised that reading the book this way, we would gain a greater appreciation of how much similarity our languages share. “You have given us a comparative approach of the various rhymes which we can find in our languages” added Prof. Bukenya. He thanked Ms. Emily Drani, Executive Director, Cross-Cultural Foundation of Uganda for promoting the Nation’s non-tangible culture. “The Arts that make us human are not useless and I will say that loudly and proudly” concluded Prof. Bukenya.
Associate Professor Dominica Dipio the second author of the day is a former Fulbright Research Fellowship and African Humanities Program Fellow who has initiated and coordinated a number of projects such as the Makerere-Bergen Folklore project. Dr. Dipio is a videographer with thirteen titles of both full and short length films to her credit. She has over thirty academic journals and book chapters to her name, her most recent publication being Gender Terrains in African Cinema.
“I came into contact with Film as a Graduate student at the Pontifical Gregorian University in Rome in 1999. At that time it was being taken as a window into the African world; that is for the outsider and not for the Africa,” said Dr. Dipio in giving a brief background of her inspiration. She defended her choice of Francophone films dating from 1970-2000 for her research because France’s colonial policy supported cultural engagement, which led to a flourishing film industry. “However, a similar process as I have done could be undertaken by students and scholars in East Africa because filmmaking in the region is becoming a very serious engagement” she challenged.
In her analysis of the films, she took inspiration from one African filmmaker who observed that “Evolution is not possible without women’s active involvement and that is especially true of the Arab world. The Arab man has given all he can and his achievements aren’t great. Maybe the Arab woman can reinvent the world… when I look at my mother; I see that her intelligence is intact. She hasn’t had a chance to use it” she read in quoting. Dr. Dipio’s Gender Terrains in African Cinema offers a logical analysis of whether these filmmakers and critics actually “walk the talk” in their films. She was therefore happy to discover that the filmmakers made commendable efforts at representing women and gender issues in a way that challenged the status quo.
“Since political and administrative powers lay mostly in the hands of men, women’s emancipation can only be effective with the active participation of men alongside the women; men in this respect need to equally be the target of male and female discourses. The turnaround made by mainstream men to join the direction of struggle for women’s emancipation against gender based violence always led to very positive results“observed Dr. Dipio. She recognized Ms. Gorettie Bamwanga among many others in the audience for their exceptional role in mentoring young women. Ms. Bamwanga is the author of Footmarks – a book profiling 100 pioneering Ugandan women.
The moderator Dr. Okot Benge was at it once again while introducing Dr. Consolata Kabonesa, Dean-School of Women and Gender Studies (WGS) and reviewer of Gender Terrains in African Cinema. Describing her as the “most amiable scholar I know who is widely published on the subject of women and gender studies”, Dr. Benge managed to elicit that warmth from Dr. Kabonesa that literally made waves as it radiated across the room. “When I started reading the book, all I could keep saying to myself was wow! Dr. Dipio deserves to be in the School of Women and Gender Studies because she tackled gender issues so well” enthused Dr. Kabonesa in her opening statements.
Dr. Kabonesa commended Sister Dipio for making the often-silenced girl child talk speak out through her well scripted narratives in the book. “We don’t see this in the film but in Sr. Dipio’s analysis of the gender terrains in cinema” she observed. She commended Dr. Dipio for highlighting the vital role played by mothers in streamlining gender identities and leveling out gender inequalities in society, “it is we the mothers who actually make these young men who they are and so if we start early with them, we will be able to advance this cause.” She further noted that Sr. Dipio attains a number of goals by representing the various categories of women, engaging them in discourse and critiquing their positions through the lenses of class and age range. “This she attains by weaving in and out of this generation to the other, this class to the next which makes for very interesting reading. You need to read it” commended Dr. Kabonesa.
Dr. Patrick Mangeni is not only the Head-Department of Performing Arts and Film (PAF), CHUSS but also a recognized author of books, poetry and prose. As the country grappled with averting the rapid spread of the HIV scourge in the late 1980s, Fountain Publishers came up with the FFF (Fact, Fiction and Facilitation) project to reach out to the youth. To help develop the Fiction component, Fountain Publishers turned to Makerere University and Dr. Mangeni was one of the authors who tremendously contributed to this project.
Introducing the day’s Guest of Honour, Dr. Mangeni commended Mr. Tumusiime for not only supporting Ugandan and regional authors but also helping to revitalize the University Bookshop in 1996. “We appreciate the Guest of Honour for being innovative and not being afraid to take on challenges. You know what the publishing industry is like but I can proudly say that Fountain Publishers is the leading publisher in this country and it has not been by mistake but by effort, determination and being able to take on risky ventures,” extolled Dr. Mangeni.
The Guest of Honour Mr. James Tumusiime despite the praise heaped upon him managed to make to the podium and graciously thank the Literature Department for honoring him with the invitation. He chose not to bask in this limelight alone but rather chose to share it with his Publishing Manger-Dr. Tom Tibaijuka, and Wordsmith and Editor-Mr. Julius Ocwyino among other Fountain Group staff present. He expressed his delight at being associated with Makerere University Authors especially the day’s guests; Sr. Dr. Dominica Dipio-who has relentlessly contributes to Fountain Publishers’ Madi publications and Dr. Aaron Mushengyezi who co-edited the bilingual Runyankore/Rukiga-English Dictionary.
“I wish to thank you the two authors for elevating seemingly simple subjects of folktales and cinema to the intellectual realm of scholarly work and I hope they are going to trigger debate and discussion so that we see more and more books tackling these important subjects” remarked Mr. Tumusiime. To illustrate the important role played by mothers in African society, Mr. Tumusiime drew inspiration from Rwanda during the era of Kingdoms where a King never took to the throne without the presence of a mother. Similarly he reflected on the example of Ankole where the King was kept in check by a mother’s belt, which if used to sound the royal drum meant that the King had to commit suicide.
Commenting on the current Sciences versus Arts debate, Mr. Tumusiime labeled as “saddening” the current disinformation about the role played by humanities in societal development. He urged scholars to create a lobby group and work with the media to request for an audience with the leadership. “There is science that can develop and liberate our economies but we cannot neglect our own culture, thinking and humanities, and sacrifice them at this altar of science” counseled the Guest of Honour. “We all aspire to be like the developed countries but wherever you have Isaac Newton being celebrated, there is Shakespeare on the side and although science has advanced over the years, Shakespeare is still with us” he said to resounding applause. “And so let us contextualize this debate properly” added Mr. Tumusiime.
He commended Ms. Emily Drani and Artists from the Margaret Trowell School of Industrial and Fine Arts (MTSIFA), CEDAT for their contribution to the successful establishment of the Igongo Cultural Centre, Mbarara. “The museum (centre) was part of that expression of another form of delivering content. Museums and cultural tourism in the world have an annual turnover of 1trillion Dollars compared to Nature tourism. So culture, literature, cinematography and museums are very important assets for this country and we should nurture them” urged Mr. Tumusiime.
Dr. James Ocita a Lecturer in the Department of Literature moved the day’s vote of thanks and commended Fountain Publishers and Mr. James Tumusiime for improving the reading culture in Uganda. He also commended the Fountain Group for setting up the Fountain Living Youth Series which had mentored a number of young writers such as him and honed their writing skills. He thanked The New Vision, Makerere University, Mengo Senior School, FEMRITE and other entities and individuals for making the launch a success. The day’s proceedings were ably emceed by Dr. Danson Kahyana.
Article by Public Relations Office
By Mak Communication Team
The Vice Chancellor, Prof. Barnabas Nawangwe, while speaking at the inaugural commemoration of the International Day for Persons with Disabilities at Makerere University has appealed to the Government to increase the number of students with disabilities on government sponsorship.
The event held on Wednesday, 13th November 2024 was organised by the Office of the Dean of Students and the 90th Students’ Guild-Ministry of Students with Disabilities and held in the Yusuf Lule Central Teaching Facility Auditorium.
The day’s theme was: “Empowering Inclusion: Breaking Barriers, Unlocking Potential”
“Students with disabilities should be the first to be admitted on Government sponsorship because there are not so many,” Prof. Nawangwe said.
Prof. Nawangwe called upon the government to devise a scheme and policy for integrating students with disabilities into the working environment after graduation.
Prof. Nawangwe noted that the University has established a Disability Support Centre, a one-stop facility to ensure equal access to education and life, promote inclusivity, and support students and staff with disabilities.
“Over the years, Makerere University has branded itself as a place that actively and loudly promotes increased awareness about the rights and needs of students and staff with disabilities.” Prof. Nawangwe remarked.
While addressing the gathering, the Chief Guest, Hon. Hellen Grace Asamo, the State minister for Disability Affairs, called upon Persons with Disabilities to always believe in themselves and be able to break the barriers of the inferiority complex.
“You have to show people that you have the potential, and when people get to know your potential, they will begin to include and engage you. But if you do not have your potential, nobody will include you. They will think you are just someone who is just there seated and begging,” Hon. Asamo noted.
In her welcome remarks, Dr. Winifred Kabumbuli, the Dean of Students at Makerere University, said that the University is making a deliberate effort to pay particular attention to the decisive implementation of inclusive Policies and Practices.
“This is where we want all people to thrive and grow. Therefore, we are proud to accept and celebrate our differences and uniqueness. We welcome you here to build a culture of active support for each other and to declare that by championing a conducive environment for students and staff with disability, we are part of the change-makers of today,” Dr Kabumbuli said.
Dr. Kabumbuli also highlighted several policies the University has implemented, such as the Policy for Persons with Disabilities and safeguarding, Accommodation policy, University rules and regulations, the Human resource manual, and the student guild constitution that provides inclusive participation in student leadership and admission policies.
“These policies protect and enhance the rights of both staff and students with disabilities. For example, we have a student guild minister for persons with disabilities to ensure their voices are heard,” Dr. Kabumbuli noted.
Makerere has directed attention to ensuring accessible and comfortable accommodations for students with Disabilities by having designated accessible hostels and rooms. The University provides salaries, lodging, and meals for helpers who assist students with disabilities. A concentrated effort is also being made to build ramps, elevators, and accessible pathways to facilitate navigation for students and staff.
According to Dr Kabumbuli, the University has embraced a drive to facilitate students’ access to assistive devices, including wheelchairs, white canes, brailling machines, hearing aids, etc.
“As part of our commitment to inclusivity and accessibility, the University has designated a specialized space within the library, equipped with assistive technologies and resources, specifically for students with disabilities to ensure equal access to knowledge and academic success for all. We have also put in place special arrangements, such as extra time during examinations to enable access to education,” Dr Kabumbuli said.
Dr. Kabumbuli acknowledged the support from the Mastercard Foundation Scholars Program, the Ministry of Gender, and the School of Law, which are committed to championing diversity, inclusion, and equity for People with Disabilities.
The International Day of Persons with Disabilities is celebrated annually on December 3rd to raise awareness and support for people with disabilities worldwide.
The 3rd annual Fundis and Technicians sensitization event and exhibition by manufacturers of building materials organized by the Department Architecture and Physical Planning at the College of Engineering, Design, Art and Technology (CEDAT), Makerere University came to a close with a call for increased partnerships between training institutions and the community.
The event that attracted 200 participants including masons, fundis, painters, builders, metal and electrical fabricators ran from Thursday 24th to Friday 25th October 2024 at CEDAT. It was supported by several stakeholders and was characterized by training sessions and an exhibition of building materials by different companies that make cement, paint, water tanks tiles and many more.
Prof. Henry Alinaitwe, the Deputy Vice Chancellor in charge of Finance and Administration represented the Vice Chancellor, Prof. Barnabas Nawangwe at the opening of the training. In his remarks, he extended appreciation to the technicians for accepting to take part in the training which he said was key in ensuring that they gain from continuous learning. Prof. Alinaitwe observed that although some of them did not get through formal training, it was important that they took part in such training programs to keep abreast of the developments in the construction industry where they undertake the bulk of the work as masons, technicians, plumbers, and metal fabricators.
‘Keep improving, we need to up our game in terms of quality’, he said while making reference to the need for quality output. He cautioned them on issues of cost and cheating of their clients by making realistic costs. ‘We need to cost the work well taking into account the materials, the labor, the equipment used, and the overheads’. The other area that needed to be taken care of by the technicians included time management, which reflects on attitudes towards work, team work. While addressing the gathering in his capacity as Chairman of the Engineers Registration Board, Prof. Alinaitwe said the upcoming engineering Registration Bill, if approved, has a provision for the registration of all artisans and hence the need to have the minimum requirements for the stakeholders to be registered. He also stressed the need to bring on board as more women as possible. ‘We want to see more women, who can do some aspects in construction better than men like painting.
Prof. Moses Musinguzi, the Principal of the College of Engineering, Design, Art and Technology while welcoming the trainees to the college said the training is a good initiative that will help address challenge of skill and work match. He encouraged the trainees to do smart work, and take due consideration of ethics and customer care. He encouraged the department to extend the training opportunity to other units of the college and the university and also make it more formal, as part and parcel of the training program of the college in liaison with bodies like UBTEB.
Assoc. Prof. Kizito Maria Kasule, the Deputy Principal CEDAT while appreciating the initiative of the department said countries like Germany have apprenticeship training that help the training of students to gain skills equivalent to those acquired while in formal institutions of learning. He said the academia in Uganda is increasingly recognizing the importance of the informal sector in the growth of the country. ‘We need to learn from you. Almost 90% of the people in the construction industry have been informally trained’. He said by learning from each other, the two sectors jointly make a contribution towards the development of the country.
Dr. Amin Tamale Kiggundu, the head of the Department of Architecture and Physical Planning said the initiative, a community outreach program of the college started three years ago in the year 2022 with 60 Fundis and masons, in 2023, the number was increased to 120 Fundis and the current 2024, was 200 Fundis of various categories, including painters, builders, metal fabricators, plumbers and electrical fabricators. He said this community outreach program aims at sharing the accumulated scientific knowledge in building, design and construction technologies at CEDAT, sharing the expertise, knowledge and experiences with communities in greater Kampala and hence bridging the existing knowledge and skills gap between the training institutions and the communities.
The 21st century is characterized by collaboration, partnerships, and establishment of knowledge economies. He said based on the trainings held so far, it is clear that partnerships between the training institutions and the communities were possible especially the Fundis who are closer to the communities. ‘We also want to learn from the Fundi’s experiences, how they are able to connect to the communities in some cases better than those who have gone through the training institutions’, he said. He further noted that the majority of fundis are young people that need to be supported with skills and other ways of nurturing them. The dream of the department, he said is to introduce an open door policy that allows fundis and other university students to come to learn.
Several organizations supported the event and participated in the exhibition and they included Habitat for Humanity, Uganda, Green Building Council Uganda, The National Building Board, Uganda Clays Limited, Centenary Bank, Steel and Tube Industries Ltd, Simba Cement, Plascon, Goodwill, Cresttanks among others.
General
MURBS has declared 13.40% interest on members’ balances for the financial year that ended on 30th June 2024.
By: Ritah Namisango
Dr. Elizabeth Patricia Nansubuga, Chairperson of the Makerere University Retirement Benefits Scheme (MURBS) Board of Trustees, announced this milestone during the 14th Annual General Meeting (AGM) for the year 2023/24 held on Thursday, 24th October 2024, at Makerere University Main Campus, School of Public Health Auditorium.
The AGM attracted various stakeholders, including trustees, Audit Committee Chairperson CPA David Ssenoga, Board Evaluation Consultant Vincent Kaheeru, URBRA Representative Mark Lotukei, Audit Committee members, co-opted members, and university administrators.
Presenting the performance report, on behalf of the Board of Trustees, Dr. Nansubuga highlighted that this is the highest interest declared by the scheme in the past five years, and she anticipates continued improvements. She noted that for the previous financial year, which ended in June 2023, the Board of Trustees declared an interest an interest of 12.34%.
Dr Nansubuga also announced that the scheme has achieved a Net Investment Income of UGX 44.6 billion, far higher than the UGX34.4 billion collected in Contributions during the year.
The Chairperson of the Board also revealed that the fund value had grown from UGX352.4 billion recorded at the end of the last financial year to UGX409.2 billion, indicating an increase of 16.1%.
“By 30th June 2023, MURBS had a fund value of UGX 352.4 billion. The Board of Trustees targeted Fund growth of 17%, and I am glad to inform you, that the fund value of MURBS, as per the Audited Financial Statements of 30th June 2024 is UGX 409.2 billion, which is an increase of 16.1%. This achievement was made possible by strategic periodical activities undertaken by the Board and our fund managers, supported by the strong oversight committees of the Board,” she reported.
She attributed the positive growth to factors such as improved debt recovery, operational efficiency, timely remittance of contributions by the sponsor (Makerere University), an increase in project and contract contributions, and the recovery of UGX8.85 billion in debts.
Dr. Nansubuga also expressed gratitude to Makerere University, the scheme’s sponsor, for consistently remitting contributions, a key factor that has significantly contributed to MURBS’ smooth operation. “I am happy to announce that the sponsor-Makerere University remitted your retirement benefits for the financial year 2023/24,” she said.
In the same development, Dr. Nansubuga reported that MURBS registered a legal victory against Uganda Revenue Authority (URA) over a real estate investment in Sonde undertaken in 2019, and which URA sought to tax heavily. She notified the AGM that MURBS won the case and was awarded costs which also set a precedent.
“On behalf of the Board of Trustees, I am pleased to inform you that during the financial year, we received a favorable outcome on a key court case. How did we end up with this case? In 2019, MURBS invested in real estate, we bought land in Sonde,” Dr Nansubuga explained.
“Uganda Revenue Authority (URA) then charged us with a tax assessment worth UGX600 million. It has been four (4) years in the tax appeals tribunal. Since then, the lawyers, the former and current trustees, have been appearing before the appeals tribunal, but in December 2023, MURBS won the case. We challenged URA, and this case was awarded with costs. URA has to pay MURBS. We therefore saved UGX600 million,” she added.
In terms of governance, Dr Nansubuga said that the scheme made changes in the board. Initially, the trustees were six and they needed a seventh member, and following a competitive race, they recruited another trustee; CPA Edina Rugumayo who has over thirty years in accounting.
“In terms of governance, we continue to uphold good governance practices and we align with international standards. Last year during the presentation, I said we were six and we needed to have the seventh trustee because the Board composition is supposed to be seven,” she explained.
“So, following a competitive process, we recruited an independent trustee. It was a very competitive position. You must have served on board which has over UGX50 billion. So, from that process, we were able to recruit CPA Edna Rugumayo Simbwa. She is a certified public accountant with over thirty years of experience in accounting, taxation, and corporate governance,” she mentioned.
She also thanked other stakeholders for making sure that MURBS activities run smoothly. These entities include Makerere University, KPMG, Gen Africa, Arcadia Advocates, Zamara, URBRA, and Stanbic Bank among others.
While discussing investments, Dr. Nansubuga mentioned that 86% of MURBS’ funds are currently invested in government bonds, but added that the Board is exploring diversification to reduce risks.
“86% percent of our money is invested in government bonds, and sometimes, you do not have to put all your eggs in one basket, there is a high concentration of risk. so that is one of the key material risks that we want to address to reduce the amount we have in government securities. We want to diversify our portfolio and avoid investing heavily in government securities. The Board will venture into other fields in order to earn money or return on investment from the diverse undertakings,” she said.
In terms of membership, Dr. Nansubuga reported a 4.4% increase, with the number of members rising from 8,229 to 8,590. She attributed this growth to the reinstatement of in-house beneficiaries and an increase in project and contract staff.
Dr. Kakuba also thanked the sponsor-Makerere University for remitting the membership contributions timely which has helped the scheme to grow.
Dr. Godwin Kakuba -Secretary, MURBS Board of Trustees, who presented the record of the 13th Annual General Meeting stressed that the AGM climaxes a financial year and the Board of Trustee has been vigilant on this and has not missed any AGM for 14 years now.
“We applaud the sponsor because many of these positives in the chairperson’s report can only be attributed to the support by the sponsor through fulfilling the obligation of remitting members’ contributions to the scheme,” he added.
Partner Asad Ssenoga, an independent auditor who audited the scheme said that he was impressed with the level of compliance that the scheme exhibited in all aspects. He said they focused on ensuring that the member contributions are supported with statements and allocated to members appropriately.
“Overall we were satisfied with the work we did on the audit, the numbers that were presented by the Chairperson are the correct numbers that we audited. We were comfortable with those numbers, due process was followed during the audit,” he said.
Mr. Mark Lotukei who represented the CEO of Uganda Retirement Benefits Regulatory Authority (URBRA) thanked the Trustees for always prioritizing governance, which has helped them to reach several milestones.
“As URBRA, we look at governance as the biggest component of our compliance. MURBS Trustees from the former to the current, have taken governance as the most important aspect. We really encourage them to continue with this good practice because governance informs all the other aspects,” he said.
Mr. Arthur Kibira, a member in attendance, expressed his appreciation for the Board’s efforts. He urged them to explore higher-risk investments for potentially greater returns. He expressed concern over the scheme’s heavy reliance on government bonds.
“Dr Elizabeth Nansubuga, I want to congratulate you, and your team and also congratulate ourselves. But, I want to believe that there is room for improvement. I am one of those who do not believe that the sky is the limit, we are limited by our own thinking. I am thinking that high risks give high returns. Is there a way of managing those risks, so that we could push this 13.40% interest to a figure much higher? If we do so, we shall say we have learnt how to manage risks,”, he guided.
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